Doman Building Materials Group (TSE:DBM) Shares Cross Above 200 Day Moving Average – Time to Sell?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.50 and traded as high as C$9.95. Doman Building Materials Group shares last traded at C$9.87, with a volume of 92,010 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DBM shares. Desjardins upped their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Raymond James Financial increased their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. National Bank Financial boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus dropped their price objective on Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating on the stock in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$10.81.

Doman Building Materials Group Trading Up 1.0%

The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. The firm has a fifty day simple moving average of C$10.04 and a two-hundred day simple moving average of C$9.50. The firm has a market capitalization of C$864.91 million, a P/E ratio of 11.22 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$644.23 million for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%. On average, equities research analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.